Serco to Acquire QinetiQ’s U.S. Business for $292 Million
Serco Group is buying QinetiQ’s U.S. business for $292 million to build its U.S. defense platform. BNP Paribas analyst Daniel Cowan calls the deal timely and attractive.
Serco Group's acquisition of QinetiQ's U.S. business is a timely and attractive deal, BNP Paribas analyst Daniel Cowan writes. The London-listed provider of critical government services is buying the business for $292 million as part of a plan to build its U.S. defense platform.
The deal is expecte…